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Search Results 0 to 49 of about 115 (some duplicates have been removed)
yet the same time. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by the end of the the year? >> i think it is slightly lesson of 50/50 chance. i think it is 50/50 or worse. that is what the market is showing right now. >> i think the market is sending a message and i think it is only a matter of -- when obama's first term began in 2008, we have four years of gridlock. i think there was a message here. i want to be optimistic that they will get a deal. neil: if the market is doing this, they will be forced to. we will see. we do want to keep you aware of it. we will watch it. there is that. we do have the ability to convey things to you and the si
to tackle the fiscal cliff, an economic mandate that could throw the economy into a tail spin unless democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is
in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill leaders signaled compromise. >> compromise is not a dirty
it in nine years. >> more economists coming around the u.s. economy in recession. economists looking at recession and that is the key, lackluster growth. reports making rounds on wall street, indicating we could see more slowing around the bend, with more on what they're hearing here is a liz macdonald with the bottom line. if you listen to these economists everyone is resetting their expectations. >> seeing four of ten, only 4 of 10 have been their sales estimates. that is not a good number. and other data from the same louis fed, very controversial study. they are -- their preliminary data is flashing fire engine red alarms and a recession is around the corner. the second or third quarter, a third of the gdp growth came from government spending on things like defense the we're seeing 227 stocks in correction mode, apple, google and microsoft and we are seeing a big indicator cutting signals, the number of companies that are cutting -- we are seeing a big tax increase of obamacare, in the fiscal cliff, but when you look at data from the s&p you see the u.s. economy entering recessio
afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue for president obama and the lame duck congress is the crushing debt and
the east room at 1:00 p.m. eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or whatever you want to call it have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not hammering out a deal in time. politicians in both parties, they've been sending out mixed signals ever since the election. on the one hand they're talking about common ground. take a look. >> we want our children to live in america that isn't burdened by debt. that isn't threatened by a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and po
that we could have a double dip recession if the economy gets the double whammy of massive spending cuts kicking in on january 2. and a big tax increases kicking in. the president celebrating in chicago. the sobering reality of governing is setting in here. the president is going to have a crowd of people, we are told, middle-class families who will be impacted by the fiscal cliff. the kind of thing you might see on the campaign trail, raising the question is whether or not the campaign continues. as the president tries to go directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congre
power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of work. and his new boss ld him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busseto waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from ameritrade. stuart: two days after the election the fighting is starting on capitol hill. all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax
are economy has a zero short-term interest rate and a long-term interest rate of one or 2% and it will be here for years. not just the united states. europe, japan, sweden, switzerland, singapore -- by assets, do not sit in cash. melissa: why would you buy stock for stock it has become this world where you will be punished for making money no matter where you turn. it just seems like socks is one of the worst options. >> i do not agree that it is one of the worst. i think if you invest properly, you diversify your risk. you own some precious metals, you own some stocks, you own tax-free bonds. the 2.7 is going to go lower. lori: asset allocation, what do you recommend? >> a piece of stocks, bond market, subject to your risk tolerance. personalize it to yourself. melissa: thank you. >> nice to see you. lori: at a global collapse just about a year ago losing one and a half billion dollars of customer money. melissa: the house financial services committee investigated. we will ask its chairman what he found. lori: speaking of gold, check out the trade. a big letdown for gold. listening to david h
drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching this all for us in washington. democrats got the white house, they got the senate. how are they beg
of the fiscal cliff and raising taxes on the top two rates would cost the economy more than 700,000 jobs. >> rorter: so republicans are hoping for new revenues but not from increased tax rates. remember, jenna, back in 2010, when the economy was growing at 2.3%, president obama extended all the bush tax cuts saying the economy was too weak to digest a tax increase. now it is growing at 2% but mr. obama is forging ahead anyway. jenna. jenna: it will be interesting to watch. jim, thank you. >> reporter: yes, ma'am. jon:. >> mr. president, this is your moment. we're ready to be led not as democrats or republicans but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> it's better to dance than to fight. it is better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that is the way it has been the las
for our economy and for our place in the world, either bilateral agreements, multilateral commitments, you were always there to make sure that we moved forward in that and i really thank you and i do rise in support today of this rule and h.r. 6156, to grant permanent normal trade relations to russia. . this important legislation is a small step towards a big reward. without it the united states exporters and service providers will continue to lose business to our foreign competitors that have already have trade relations -- relationships with russia. and once we lose those markets, our competitors will only become stronger and better positioned to surpass the u.s. in a critical marketplace of the 21st century global economy. according to the national association of manufacturers, russia imported over $500 billion in goods last year, and of that total only 5% came from u.s. exports. this bill will lift outdated policies and restrict american access to russian markets. as a result studies show u.s. producers can expect to achieve double-digit increases over the next decade in exports of hea
the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, isn't weakened by inequality. that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. >> if there is a mandate in yesterday's results, it's a mandate for to us find a w
of president obama mean for the economy and for your money? cheryl casone breaks it down next. >> hillary clinton is talking about the future and her political career. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the intity thief who used a device called a skimmer to steal her formation from her card to open a fraudulent account. every year millions of americans just like you learn that a little personal information in the wrong hands could wre havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's
, according to economists, will have the least positive impact on our economy. >> the president also coming to the defense of susan rice, the u.s. ambassador to the united nations, who just a few days after the attack as you recall said violence on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. two top-ranking republicans are vowing to block rice's nomination if she is picked to be the next secretary of state. the president firing back with a rare flash of anger. >> senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian, live from washington this morning. it's really nice to see you, dan. >> good to see you. >> let's first talk about the fiscal cliff. the president said we could see a deal by next week. that may hinge on this issue with taxes. how are republicans responding to the president's remarks? >> well, you know, first of all, there does seem a willingness by republicans to find areas of agreement, to reach a compromise. but they are pushing back on the presid
the fiscal kind of steep slope heading down it could have some very bad implications for the economy. concerns about rolling down it or falling off it or whatever you want to call it have already made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not hammering out a deal in time. politicians in both parties, well, they have been sending out mixed signals ever since the election. on the one hand, they're talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, that isn't weakened by inequality, that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point, at a time like this we can't risk partisan bickering and political posturing. if there's a mandate in yesterday's results, it's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> it's better to dance than to fight. it's better to work together. everything doesn't have to be a fight. >> sounds
of large spending cuts and tax increases. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700. on top of that, the payroll tax cut would expire. so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security, and federal pensions congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the administration act
in greece over budget cuts and word that europe's strongest economy germany is in trouble. but quickly investors turned back to our looming problem, the road we are on to the so-called fiscal cliff at the end of the year. $650 billion of combined spending cuts and tax cuts expiring automatically. wall street selloff led to a loss of $300 billion in market value wednesday alone. however, just after close of trading wednesday, greece did pass its austerity measures so markets should be tempered a bit. when it comes to the future we can't expect uncertainty as the fiscal cliff looms ahead. >> coming up, advice on sorting out some of the hottest new options in tablets and touch screen computers. >> would you believe tab tops, >>> and welcome back to "world news now." we are pleased to have with us tech editor joanna stern. joanna will tell us about five crazy computers that run microsoft's new windows 8. crazy in a good way. >> crazien a great way. i am telling you they're crazy. >> not like us in a crazy way. >> not mentally insane. >> what are we starting with? >> windows 8 for tablets,
in sales at mcdonald's adding to troubles ahead for the american economy. up next, stu varney looks at yesterday's massive wall street selloff and why investors are scared about more than just that so-called fiscal cliff. ♪ it's time ronald joins his friends, but who will take pics of them? ♪ just like one big family, watch the birdie and you'll see; ♪ ronald, ronald mcdonald. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. megyn: fox news alert, troubling new signs about america's economic future with a big warning from giant employer mcdonald's. it comes just a day after we saw dramatic postelection selloff on wall street yesterday. as we investigated, we found signs of worry about big segments of our economy, and mcdonald's is reporting the first monthly drop in nearly a decade for the world's biggest hamburger chain. stu
on the economy comes to an agreement or slip right back into recession by next year? will congress finally come to a compromise to avoid the fiscal cliff? plus, this baby elephant caught in a sticky situation. up to its neck for over 12 hours. the incredible rescue straight ahead. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> 6:24 eastern time. quick headlines now. over 90,000 people have signed a petition to nominate this pack diswran girl for the nobel peace prize. the 15-year-old was shot in the head by the taliban after speaking out for women's rights to go to school. she is currently recovering at a uk hospital. and chrysler recalling over 900,000 jeep vehicles because of faulty air bags. a recall includes grand cherokees from 2002 to 2004. and jeep liberties from 2002 to 2003. a malfunction can cause the air bag to
economy and a whole lot more? for president obama, what next? today markets took a nose dive because investors see what's coming and worried that washington cannot fix it. that's why we are here again tonight. in the speeches last night and the statements today, everyone president obama and mitt romney to the leaders in the building behind me all say they get it. they understand the challenges and will rise to meet them. listen. >> we want our children to live in america that isn't burdened by debt and isn't weakened by inequality and isn't threatened by the destructive power of a warming planet. >> the nation as you know, is at a critical point. and at a time like this we can't risk partisan bickering and political posturing. >> if there is a mandate in yesterday's results, it's a mandate for us to find a way to work together on solutions to the challenges we all face as a nation. >> it's better to dance than to fight. it's better to work together. everything doesn't have to be a fight. >> well, tonight, what is next on the fiscal cliff, on the rest of the president's agenda. on whe
.com. ♪ campbell's. it's amazing what soup can do. not in this economy. we also have zero free time, and my dad moving in. so we went to fidelity. we looked at our family's goals and some ways to help us get there. they helped me fix my economy, the one in my house. now they're managing my investments for me. and with fidelity, getting back on track was easier than i thought. call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. introducing the new droid razr maxx hd by motorola. now more than ever droid does. >> victims of superstorm sandy, getting a firsthand look at the recovery effort in new york. homeland security secretary janet napolitano visiting hard-hit staten island. and fema approved housing and other aid for storm victims, but many people think they're getting the run around, lots of red tape and they want action, not words. this woman fed up, blasting the the long island power authority in new york for failing to come through. >> last night, i literally stayed on my steps until i had to go to sleep because it was war
economy. >> the president also making clear that he has susan rice's back. that's his ambassador, the embattled u.s. ambassador to the united nations. initially she said that that september 11th attack on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. well, now two top-ranking republicans are vowing to block her nomination if, in fact, she is picked to be the next secretary of state. that had the president very anger. here's what he said. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian is in washington, d.c., this morning. let's start first, dan, before we get to the ambassador, the embattled ambassador, let's start with taxes. >> well, yes. you know, republicans pushing back on the president yesterday, because they don't want to see taxes raised, even on wealthy americans, because they believe that that will stifle economic growth and will hit those people who are the job creators. at the same time, there does appear to be this willingness to
's statement will address the action needed to keep our economy growing and reduce our deficit. he will not suggest a plan. he will say lawmakers, you guys come up with something. >> brian: he goes weneed to raise taxes because the nation needs a thriving middle class. >> steve: he's said that all along. >> but john boehner said some analyst thought change slightly. he said the tax hikings are unacceptable . however, he said that he may be open to tax revenue come is a different way of saying bringing in more taxes and listen to his latest interview on abc. >> raising taxes on small business people is the wrong prescription given for our economy. >> is it on the table to talk about. >> i made clear that raising tax rates are unacceptable and frankly couldn't pass the house. putting revenues on the table and reforming our tax code and i would do that if the president were serious about solving our spending problem and trying to secure our entitlement program. >> brian: going to sit down and talk. but he's saying short term for now and wait for the new congress to get settled in and
and higher jobless pen fit claims because the economy appears to be getting weaker and weaker. we face tax increases next year. that's been noted by business. there have been some layoffs prior to those tax increases. and so the underlying trend may be up. it has been exaggerated by hurricane sandy. gregg: stu, things could get worse january 1st, when all of these spending cuts and tax increases happen. it is so-called fiscal cliff. put it up on the screen. 158 million americans would be affected by this. the average household, $3500 a year in tax increases. you're talking about 88% of the households are going to see tax increases. if i read the cbo report correctly, they say this will drive us right back into another huge recession, right? >> well you've got two cbo reports. the one you're referring to says, yes, you go over that fiscal cliff, massive tax increases and big spending cuts. you will go into recession. a separate report looks just at what happens if we raise taxes on the top 2%. just on the rich, the top 2%. if we do that, we lose 200,000 jobs next year. factor that into the
there'll be a war is all these arab spring countries have lousy economies, and they've gotten rid of their dictators and they have new leaders, anti-american leaders, they're going to look for a scapegoat as their economies get worse and worse and worse. what's the scapegoat? israel. and at the same time you've got iran not on an israeli border, but an iran getting on the verge of having nuclear weapons which on a regular, weekly basis says we're going to exterminate the state of israel. now, can israel defend itself? sure, but do they need the united states to help can and resupply? yes. megyn: if egypt were to step in here? officially say the '79 treaty, the deal where we said, all right, we're cool with israel for now, if they say forget about that, how hoop a deal with that? >> then you have another arab/israeli war. we have not had one since 1973. the other thing that's sort of unknown in all of this is the syrian civil war. the worry everybody's always had about syria is not that it's going to implode, but it's going to explode. because all of the factors, all the ethnic gro
Search Results 0 to 49 of about 115 (some duplicates have been removed)